Irvine Housing Prices: The Highs, Lows, and In Between
For a snapshot of housing prices in Irvine, I listed the numbers for the highest- and lowest-priced homes in Irvine as well as numbers for an Irvine home that is priced near the median*. Here they are:
The highest-priced home in Irvine is currently at 26 Grey Owl 92603. This home, located in Irvine’s most expensive neighborhood, Shady Canyon, has been on the market for over 260 days.
Asking price: $17,500,000 ($1,296/SF)- HOA fee: $500
- What: detached house built in 2008
- Size:5 beds/9 baths with 13,500 square feet
- Previously sold: June 30, 2003 for $2,792,000 Note: Since this house was built in 2008, I am guessing that this 2003 sale was for the land only.
The lowest-priced home in Irvine is at 228 Orange Blossom #34 92618. This short sale, located in the Orangetree neighborhood, went on the market in October 2008 for $180,000 and has had numerous price reductions.
Asking price: $130,000 ($276/SF)- HOA fee: $240/month
- What: condo built in 1976
- Size: 1 bed/1 bath with 471 square feet
- Previously sold: October 29, 1997 for $62,500
An example of a mid-priced Irvine home is at 1 Misty Run 92614. This home, located in the Woodbridge neighborhood, has only been on the market for about a week.
Asking price: $549,000 ($339/SF)- HOA fee: $279
- What: condo built in 1981
- Size: 3 beds/2 baths with 1625 square feet
- Previously sold: n/a
*According to Redfin, the median selling price in July for an Irvine home was $550,000 or $322 per square foot. According to Trulia, the median selling price for Irvine homes that were on the market between July and September was $560,000. And, finally, according to the California Association of Realtors, Irvine’s median selling price was $589,000 in July and $580,000 in August.